Office: Rental demand has slowed, with Q1-Q3 absorption significantly down y-o-y. But vacancy remains low and with no new supply stimulus average Grade A rents were stable in Q3.
Retail: Sales are recovering with shopper footfall supported by incentives. Supermarket, wholesale and convenience stores are enjoying growth, but other general retail still suffers from absent international travelers.
Industrial Office: Vacancy has risen slightly in Xihu and Wende Sections, but rents and capital values remain stable across the key market areas.
Investment: Transactions were concentrated in Taipei City, Taoyuan City and Tainan City, with local buyers dominating, led by a Fubon Life Insurance acquisition. Developers maintained active land purchases.
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